Day: July 23, 2020

TORONTO, July 23, 2020 (GLOBE NEWSWIRE) — CF Energy Corp. (TSX-V: CFY) (“CF Energy” or the “Company”, together with its subsidiaries, the “Group”), a leading new energy service provider in the People’s Republic of China (the “PRC”) would like to announce that the Sanya City Development and Reform Commission (“SYDRC”) has finalized the City’s natural gas utility pricing formula adjustment which will be the guideline for the Group to follow on its gas selling prices starting from August 1, 2020 (the “New Gas Selling Price”).  SYDRC is the government natural gas price regulating body in Sanya City, and this pricing formula adjustment (the “Pricing Formula”) is part of the pricing control strategy of China’s National Development and Reform Commission (“NDRC”) for the whole of China.  The NDRC had announced in 2017 the guiding principle...

VANCOUVER, British Columbia, July 23, 2020 (GLOBE NEWSWIRE) — Euro Manganese Inc. (TSX-V / ASX: EMN) (the “Company” or “EMN“) announced today that, further to its announcement of July 6, 2020, it has commenced the restructuring of the Company’s board of Directors (the “Board“).  Effective today, the Company has accepted the resignations from Dr. Roman Shklanka, Mr. Harvey N. McLeod, Mr. Daniel Rosicky and Mr. Jan Votava.Dr. Shklanka and Mr. McLeod will remain as part of a newly formed strategic advisory committee, reporting directly to the Board, while Mr. Votava remains a key member of the executive team as Managing Director of Mangan Chvaletice s.r.o., the Company’s Czech subsidiary (“Mangan“).  Mr. Rosicky is a senior partner in the leading Czech law firm, PRK Partners, the Company’s...

COLMAR, Pa., July 23, 2020 (GLOBE NEWSWIRE) — Dorman Products, Inc. (NASDAQ:DORM) today announced the Company has changed the date it will report its second quarter 2020 results due to a management scheduling conflict. The Company will now report its financial results for the second quarter ended June 27, 2020 after the market close on July 29, 2020. About Dorman ProductsAt Dorman we give repair professionals and vehicle owners greater freedom to fix cars and trucks by focusing on solutions first. For over 100 years, we have been one of the automotive aftermarket’s pioneering problem solvers, releasing tens of thousands of replacement products engineered to save time and money and increase convenience and reliability.Founded and headquartered in the United States, we are a global organization offering more than 80,000 parts, covering...

(Dollar amounts are in thousands unless otherwise specified)HIGHLIGHTSEarnings growth despite sales decline due to COVID-19Solid gross margin rateEPS from continuing operations up 31% for the quarter and 12% year-to-dateStrong cash flow, low net operating debtGUELPH, Ontario, July 23, 2020 (GLOBE NEWSWIRE) — Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry-type and cast resin transformers and related magnetics, today announced its financial results for the Second Quarter of 2020.SECOND QUARTER RESULTSSales from continuing operations for the quarter-ended June 27, 2020 were $75,393, a decrease of $16,544 or 18.0% from Quarter 2, 2019 sales of $91,937. The sales decline was primarily impacted by the negative effect that the COVID-19 global pandemic had on many of our markets and our customers due to...

New York, New York, July 23, 2020 (GLOBE NEWSWIRE) — Greencity Acquisition Corporation (the “Company”) announced today that it priced its initial public offering of 4,000,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Capital Market and trade under the ticker symbol “GRCYU” beginning July 24, 2020. Each unit consists of one ordinary share of the Company and one warrant, each warrant exercisable for one-half of one ordinary share of the Company at a price of $11.50 per whole share. Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be listed on The Nasdaq Capital Market under the symbols “GRCY” and “GRCYW,” respectively.The Company has granted the underwriters a 45-day option to purchase up to an additional 600,000 units at the initial public...

SAN RAFAEL, Calif., July 23, 2020 (GLOBE NEWSWIRE) — Westamerica Bancorporation’s Board of Directors approved a plan to repurchase, as conditions warrant, up to 1,750,000 shares of the Company’s common stock on the open market or in privately negotiated transactions prior to September 1, 2021. The repurchase plan represents approximately 6.5 percent of the Company’s common stock outstanding as of June 30, 2020.Chairman, President and CEO David Payne stated, “This share repurchase program recognizes Westamerica’s consistent profitability, healthy capital level, and solid asset quality.”On July 16, 2020, Westamerica reported $20 million in net income for the three months ended June 30, 2020 or $0.72 diluted earnings per common share.Westamerica Bancorporation, through its wholly owned subsidiary, Westamerica Bank, operates banking...

MALVERN, Pa., July 23, 2020 (GLOBE NEWSWIRE) — TELA Bio, Inc. (“TELA Bio”) (Nasdaq: TELA), a commercial stage medical technology company focused on designing, developing and marketing a new category of tissue reinforcement materials to address unmet needs in soft tissue reconstruction, announced that the company will report 2020 second quarter financial results on August 12, 2020. TELA Bio’s management will host a conference call and webcast at 4:30 p.m. ET that day to discuss the financial results and provide a corporate update. Conference Call and Webcast DetailsThe conference call can be accessed by dialing (855) 548-1219 for participants in the U.S. or Canada and (409) 217-8881 for international callers, using conference ID 6897439. A live and archived webcast of the event can be accessed via the Events &...

CONWAY, Ark., July 23, 2020 (GLOBE NEWSWIRE) — Home BancShares, Inc. (NASDAQ GS: HOMB), parent company of Centennial Bank, announced that they will host a second Fireside chat featuring their Retail and Other Commercial Real Estate segments. The call will be held Thursday, July 30, 2020 at 1:00pm CT (2:00pm ET). The management team of HOMB will host the call.To join the call participants can dial 1-877-508-9586 or join the live webcast at https://services.choruscall.com/links/homb200730.html. Pre-registration for the call is not required. A presentation will be available on the company website, www.homebancshares.com, at the start of the conference call.“During these uncertain times we wanted to stay connected to our investment community,” stated John Allison, Chairman. “This series of sector focused discussions has provided a successful...

FOR ADDITIONAL INFORMATION REGARDING OUR CONTINUED COVID-19 RESPONSE, FINANCIAL IMPACTS AND OUTLOOK, PLEASE REFER TO THE 2Q 2020 EARNINGS RELEASE SUPPLEMENT AVAILABLE IN THE INVESTOR RELATIONS SECTION OF WSFS’ WEBSITE (www.wsfsbank.com).WILMINGTON, Del., July 23, 2020 (GLOBE NEWSWIRE) — WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced its financial results for the second quarter of 2020.Selected financial results and metrics are as follows:GAAP results for 2Q 2020 were significantly impacted by deterioration in economic forecasts since March 31, 2020 and the continued and anticipated impacts of COVID-19 resulting in $94.8 million of provision for credit losses for the quarter. GAAP results reflect significant items, including a $22.1 million net realized gain on sale of Visa Class...

RED BANK, N.J., July 23, 2020 (GLOBE NEWSWIRE) — OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), today announced that net income was $18.6 million, or $0.31 per diluted share, for the three months ended June 30, 2020, as compared to $19.0 million, or $0.37 per diluted share, for the corresponding prior year period. For the six months ended June 30, 2020, net income was $35.2 million, or $0.58 per diluted share, as compared to $40.2 million, or $0.79 per diluted share, for the corresponding prior year period.The results of operations for the three months ended June 30, 2020 include merger related and branch consolidation expenses, which decreased net income, net of tax benefit, by $3.0 million. Results of operations for the six months ended June 30, 2020 include ...